HK's Union Medical Healthcare jumps on share sale to expand clinic network

EC Healthcare

19/04/2021 05:07

** Shares of Union Medical Healthcare Ltd  2138.HK  gain as
much as 9.4 pct to HK$8.40, highest since Feb. 22, on course for
second session of gains
    ** Stock last up 7.2%
    ** Medical and healthcare services provider plans to sell
29.64 mln new shares to an individual investor Adrian Cheng and
a private investment fund Aspex Master Fund, raising HK$231.2
mln ($29.8 mln) to expand clinic network and for acquisitions
 urn:newsml:reuters.com:*:nFWN2MA0H8
    ** Company says the new shares, representing 2.69% of the
enlarged share capital, will be issued at HK$7.80 apiece or a
1.6% premium over Friday's close of HK$7.68
    ** Hong Kong Hang Seng Commerce & Industry index  .HSNC 
gains 1.1%
    ** Both Hang Seng China enterprises index  .HSCE  and
benchmark index  .HSI  climb 0.8%
    ** As of previous close, company's shares up 26.9% this year
    
 ($1 = 7.7707 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)